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WalletHub: New Jersey ranks 10th among the states where mortgage rates are increasing the least

NEW JERSEY – New Jersey ranks 10th among the states where mortgage rates are increasing the least, according to a WalletHub study.

With the average interest rate on mortgages increasing in 44 of the 50 states between Q1 2024 and Q2 2024, the personal-finance website WalletHub Thursday released its new report on the States Where Mortgage Interest Rates Are Increasing the Most.

New Jersey Stats

  • Overall Rank: 41st
  • Average Mortgage Interest Rate in Q2 2024: 7.37%
  • Change in Average Mortgage Interest Rate (Q2 2024 vs. Q1 2024): 0.30%

Source: WalletHub

Here are the top 5 states where mortgage interest rates are increasing the most:

  1. Colorado
  2. Missouri
  3. Louisiana
  4. South Carolina
  5. South Dakota

Here are the top 5 states where mortgage interest rates are increasing the least:

  1. Idaho
  2. Texas
  3. Rhode Island
  4. Montana
  5. Utah

To see the full list, click here.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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